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bernie2981 bernie2981
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8 years ago
Peterson Company gathered the following information for the year ended December 31:

Direct labor cost incurred for the year   $180,000
Estimated manufacturing overhead costs   $260,000
Estimated direct labor cost    $200,000
Work in process inventory, Dec, 31   $51,000
Finished goods inventory, Dec. 31   $68,800
Cost of goods sold   $141,000
Estimated direct labor hours    260,000

What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation base?
A) 100% of direct labor cost
B) 90% of direct labor cost
C) 111% of direct labor cost
D) 130% of direct labor cost
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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